Safeguarding Your Business from the Unexpected
When your business takes on debt — whether it’s a commercial mortgage, loan, overdraft, or credit card — you’re investing in growth. But what happens if a key person, like a business owner or director, dies or becomes critically ill?
Without a safety net, your business could face serious financial strain. That’s where Business Loan Protection comes in.
What Is Business Loan Protection?
Business Loan Protection is a type of life insurance (with optional critical illness cover) designed to repay outstanding business debts if a key individual passes away or suffers a specified serious illness.
It’s especially vital for:
- Small businesses reliant on one or two owners
- Businesses where owners have given personal guarantees
- Companies with Director’s loans that could become repayable upon death
Why It Matters
Without protection, your business may need to:
- Sell assets quickly to repay debts
- Risk going into administration
- Leave the deceased’s family out of pocket
With Business Loan Protection in place, you can:
- Secure your premises
- Protect remaining directors, employees, and stakeholders
- Ensure families receive the money owed to them
Tax Considerations
This type of cover can have tax implications, so it’s important to involve your accountant in the advice process. At One Roof Financial, we work closely with all parties to ensure you understand the full financial picture.
Expert Advice Matters
Every business is unique — and so are its financial commitments. That’s why professional advice is essential when considering Business Loan Protection.
Want to learn more or get tailored advice?
Book an initial consultation with one of our experienced advisers today by calling 01455 63 61 63, contacting us via our website: https://onerooffinancial.co.uk/contact/ or by clicking here to view our availability and book in.
Blog written 14/10/2025
The information contained within this blog was correct at the time of publication (14/10/2025), and is subject to change.
